rtg18.gif
rtg18.gif
rtg18.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 23 November 2017
Gambling has an annual social cost of A$7bn to Australian Government
By Manuel Marti
Gambling harm costs the Australian state of Victoria A$7bn annually, according to a recent study by the State Gambling Foundation.

The recently-published report, carried out by The Central Queensland University and commissioned by the Victoria Gambling Foundation, has said gambling harm cost the state government almost A$7bn for the 2014-2015 financial year.

The greatest expenditure went towards family and relationship problems, where Victoria State spent A$2.2bn between 2014 and 2015.

Moreover, emotional and psychological issues, and personal financial losses had a social cost during the one-year period of A$1.6bn and A$1.3bn, respectively.

Additionally, the government funded new research, regulation and support services worth over AUD1bn. Lost productivity, work-related costs and crime added to A$700m.

While previous studies have merely focused on severe-harm victims and problem gamblers, this report shows gambling issues could impact all type of players. Therefore it explains such great spending figure.

This research estimates approximately 85% of gambling harm in Victoria is associated with low- and moderate-risk gamblers, and only 15% with people who experience severe gambling harm.

Lead Author and Associate Professor, Matthew Browne, said: “The study shows that in 2014-15, low- and moderate-risk gambling made a significant contribution to the social cost of gambling harm in Victoria at A$4.3bn.

“During the same period, the cost of high-risk gambling, sometimes called ‘problem gambling’, totalled A$2.36bn.”
RELATED TAGS: Online | Land-Based | Industry
DISCUSS THIS ARTICLE
IN-DEPTH 21 August 2018
Virtual sports betting roundtable
Five executives from industry-leading virtual sports betting companies offer their insights into how and why virtual sports are continuing to impact markets around the world, helping you to better understand its development and future possibilities
READ MORE
PREMIUM CONNECTIONS